The cryptocurrency market experienced a notable drop on February 17, with leading digital assets witnessing significant losses. Crypto price today highlights Bitcoin trading at $96,122, marking a 1.5% decline as of 11:12 am IST. Ethereum saw a 2% dip, settling at $2,656, contributing to a 1.67% decrease in the global crypto market cap, now valued at $3.18 trillion.
Bitcoin Performance Overview:
- Current Price: $96,122 (down 1.5%)
- Support and Resistance Levels:
- Support at $95,000
- Resistance at $98,000
- Market Indicators:
- RSI near 50, indicating market indecision
- Positive news includes U.S. 10-year yields below 4.5% and Canadian Bitcoin ETF investments
Expert Insights:
- Alankar Saxena (Mudrex): Market awaits a catalyst despite positive developments.
- Vikram Subburaj (Giottus): Warns of $94,000 support test if Bitcoin falls below $96,000.
Altcoin Market Analysis:
- XRP: Down 4.3%
- Solana: Fell 6.3%
- Dogecoin: Dropped 3.8%
- Litecoin: Declined 7.9%
- Other notable losses: Chainlink, Stellar, Avalanche, Sui, Tron, and Shiba Inu (1.6%-4.4%)
Market Capitalization and Dominance:
- Bitcoin Market Cap: $1.907 trillion
- Bitcoin Dominance: 59.91%
Conclusion
Traders and investors continue to monitor price movements closely, seeking insights into the next significant trend in the crypto price today landscape.
Stay ahead with the latest market updates and cryptocurrency insights at Crypto Green Force.
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